Partners Equity of the Operating Partnership (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share (EPS), Basic and Diluted

The following tables detail the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):



	Three Months Ended September 30,
	2019						2018
	Basic			Diluted			Basic			Diluted
Numerator
Net income (loss)	$	6,820		$	6,820		$	(43,522	)	$	(43,522	)
Net (income) loss attributable to noncontrolling interests	(48		)	(48		)	342			342
Nonforfeitable dividends allocated to unvested restricted shareholders	(93		)	(93		)	(80		)	(80		)
Net income (loss) attributable to common shareholders	$	6,679		$	6,679		$	(43,260	)	$	(43,260	)
Denominator
Weighted-average shares outstanding	176,195,244			176,195,244			178,602,622			178,602,622
Contingent securities/Share based compensation	—			555,356			—			—
Weighted-average shares outstanding	176,195,244			176,750,600			178,602,622			178,602,622
Earnings (loss) per Common Share:
Net income (loss) attributable to common shareholders	$	0.04		$	0.04		$	(0.24	)	$	(0.24	)



	Nine Months Ended September 30,
	2019						2018
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	17,655		$	17,655		$	13,799		$	13,799
Net income attributable to noncontrolling interests	(155		)	(155		)	(162		)	(162		)
Nonforfeitable dividends allocated to unvested restricted shareholders	(305		)	(305		)	(280		)	(280		)
Net income attributable to common shareholders	$	17,195		$	17,195		$	13,357		$	13,357
Denominator
Weighted-average shares outstanding	176,066,507			176,066,507			178,515,993			178,515,993
Contingent securities/Share based compensation	—			551,219			—			1,236,551
Weighted-average shares outstanding	176,066,507			176,617,726			178,515,993			179,752,544
Earnings per Common Share:
Net income attributable to common shareholders	$	0.10		$	0.10		$	0.07		$	0.07

BRANDYWINE OPERATING PARTNERSHIP, L.P.

Earnings Per Share (EPS), Basic and Diluted

The following tables detail the number of units and net income used to calculate basic and diluted earnings per common partnership unit (in thousands, except unit and per unit amounts; results may not add due to rounding):



	Three Months Ended September 30,
	2019						2018
	Basic			Diluted			Basic			Diluted
Numerator
Net income (loss)	$	6,820		$	6,820		$	(43,522	)	$	(43,522	)
Net income attributable to noncontrolling interests	(11		)	(11		)	(20		)	(20		)
Nonforfeitable dividends allocated to unvested restricted unitholders	(93		)	(93		)	(80		)	(80		)
Net income (loss) attributable to common unitholders	$	6,716		$	6,716		$	(43,622	)	$	(43,622	)
Denominator
Weighted-average units outstanding	177,176,870			177,176,870			180,082,421			180,082,421
Contingent securities/Share based compensation	—			555,356			—			—
Total weighted-average units outstanding	177,176,870			177,732,226			180,082,421			180,082,421
Earnings (loss) per Common Partnership Unit:
Net income (loss) attributable to common unitholders	0.04			0.04			(0.24		)	(0.24		)



	Nine Months Ended September 30,
	2019						2018
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	17,655		$	17,655		$	13,799		$	13,799
Net income attributable to noncontrolling interests	(58		)	(58		)	(46		)	(46		)
Nonforfeitable dividends allocated to unvested restricted unitholders	(305		)	(305		)	(280		)	(280		)
Net income attributable to common unitholders	$	17,292		$	17,292		$	13,473		$	13,473
Denominator
Weighted-average units outstanding	177,048,621			177,048,621			179,995,792			179,995,792
Contingent securities/Share based compensation	—			551,219			—			1,236,551
Total weighted-average units outstanding	177,048,621			177,599,840			179,995,792			181,232,343
Earnings per Common Partnership Unit
Net income attributable to common unitholders	$	0.10		$	0.10		$	0.07		$	0.07